Just over 3 weeks ago, I attractive at the alteration that has been brewing beneath the apparent of the (NYSE:)). Since that post, the S&P 500 finds itself in a abysmal pullback, with added key banal bazaar indices hitting alteration area at their lows.
Today we accommodate addition attending at the alteration and highlight why it’s time for investors to pay afterpiece attention. In the blueprint below, we analyze today’s bureaucracy to 2000 and 2007 and the bazaar crashes that followed. Note, though, that we acquire NOT burst trend abutment yet.
Similar to today, in 2000 and 2007 the S&P 500 fabricated a nominal new aerial while putting in a lower aerial in drive (a bazaar divergence). And already the S&P bankrupt key abutment apparent by its up-trend band and 200-day affective average, the affairs burden increased.
Will this celebrated alteration arrangement advance to affairs yet again? Watch that up-trend support!
S&P 500 Blueprint – Teetering On The Precipice?
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